Boise State football coach Chris Petersen agrees to five-year contract, with $2 million salary in first year

By Chadd Cripe
ccripe@idahostatesman.com
© 2012 Idaho Statesman

Boise State and football coach Chris Petersen have agreed to a new five-year contract that will pay him at least $2 million per year.

The State Board of Education will consider the $375,000 salary increase during a special meeting Wednesday. The entire contract will be submitted for approval at the regular Feb. 15-16 meeting.

The information provided to the State Board by Boise State states that the university negotiated the new contract “following this last season” and that it will include a “base compensation package of $2 million in the first year.”

Petersen is scheduled to make $1.625 million in 2012 under his current contract, which was announced at the 2010 Fiesta Bowl and improved in October 2011.

Petersen’s name came up for several vacancies in college football this season.

He has a five-year, rolling contract that provides a $100,000 raise each year. The contract is extended by a year each time the Broncos win at least eight games.

Petersen is 73-6 in six seasons as the Broncos’ head coach. He made $1.525 million plus bonuses in 2011.

Petersen originally signed for $500,000 per year to replace Dan Hawkins in 2006. He has received new contracts in 2007, 2010 and 2012, and his current contract was upgraded slightly in 2011.

1325640570 Boise State football coach Chris Petersen agrees to five-year contract, with $2 million salary in first year Idaho Statesman Copyright 2014 Idaho Statesman . All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

It wont have any problems

pa$$ing thru the SBOE....

Bronco Football makes money, especially for the city of Boise....

You're a little slow on this one Chad

word has it that coach Pete is nominated for the head coach position at PENN State. I really don't think a man of such family values will be willing to insert himself into an institution that is in so much turmoil now, and will be for a long time that anything he does will be sublimated by what has gone one before, but the money would be good.

or...

maybe Cripe just wanted to have all the information before publishing jibberish.

Given that none of Pete's

salary comes from the State, I'd be curious why the SBOE would even bother with such a meeting.....

About $150,000 or so

comes from the State....Its possible that maybe the $100,000 raises could be from State....

Also, if bonds are cashed then state is involved....

Hopefully enough seats to pay for it all....

State money

None of Petersen's pay comes from state-appropriated money. They changed that a couple years ago. ... But the State Board has to approve all employment contracts, no matter the source of money.

Mr Cripe....I am curious as to how

Coach Pete can be legally employed by Boise State University as their Head Football Coach, and have no state funds as part of his salary....

Are none of the football coaches paid by the State?

Is Coach Pete 100% employed by the BAA?

I'm just curious....

Thanks.

Money

All that means is the money for his contract comes from money generated by the athletic department, not money given to the athletic department from state tax dollars. The state money is only allowed to be used for certain purposes, so it's usually part of salaries. But for appearances sake, Boise State changed Petersen's contract a couple years ago so that no state-appropriated funds were involved.

Cripe....

Thanks....

In sharp contrast to the U of I coach

who's base salary IS paid by state funds.

BSU42I45....

Most coaches salaries are paid by the State....Just that the most popular and successful coaches can get paid thru other avenues, such as Booster Clubs etc....

That is fine....

Coach Pete has put Boise State on the BCS map....He is far more valuable than my Mutual Fund CEO....

Idaho State University's coach is State too....

Ω Do some reading, if you please!!!!

"The University will bring to the Board at its regularly scheduled February meeting a new five year employment contract. The final terms will allocate the compensation package between salary, royalty payments, deferred compensation and retirement benefits. The contract will also include new performance-based incentives for both academic and athletic performance of the University’s football team.

As with all payments under this employment agreement, no state funds are used and these amounts are paid only from program revenues, media, public appearance fees, donations and other non-state funds."

If you wish to continue to appear a complete goof, just follow along with the likes of blkshoe946 or NICurmudgeon.

Paid only from program revenues

So this means that ticket sales can pay for the salary correct?

Since the stadium is on State property and was built with State funds and the football team does not pay rent to the State, then State funds ARE BEING USED to fund the salaries.

robert eagle good points

and excellent points....

.

.

Ω Probably should contact ...

... the state's auditors to point out the oversight.

Glad to see that ugly thinks these are both good AND excellent points. That's some regulation 3D thought-process right there.

The Stadium was built with funds from the University

generated through the football team

All of the money technically goes through the State though, which allows the State to rake it's 15% off of all revenue and means in actuality, whatever BSU earns, it only receives a portion of

Seriously....the STATE is NOT paying more than 150K for Petersen. His base salary if I recall. Well worth it for the State and the taxpayers.

razor....

I did read....

Cripe states at beginning, 'Boise State and football coach Chris Petersen have agreed to a new five-year contract that will pay him at least $2 million per year.'

Sounds like some state monies to me....

Why didnt the article just say, 'The BAA and football coach....'

Creative Accounting?

Coach Pete deserves it and needs a bigger stadium to fulfill those dreams....why pay a coach and play New Mexico....Bring in the BCS....

Ω How about you ...

... head over to the state auditor's office to get it all figured out ... rather than casting aspersions, doubt, and innuendo ... as you persistently attempt to do.

If you were able to ascertain facts as opposed to "sounds like", perhaps you could tune your tuba. You throw trash around the blogs as if it were fact. Trash is trash.

Some big ol' erstwhile (or current) Bronco supporter or BAA member you are. As that fake BDuck (Beaver fan) often says, "What a joke!"

razor....

Not my fault about Washington's Defense....

You can say what you want....

Ok....if Coach Pete makes $2 million in 2012, which he deserves, then exactly how will those payments be dispersed and by whom(s)? Who is signing the check(s) and what name is the check(s) under?

Smart One!

Ω You could always ...

... contact the state auditor's office to get it all figured out.

Maybe you could check with the BAA. You're a big-time member, right? You have your name engraved on a rock somewhere for your monster $200 or so.

razor....

it doesnt matter....How Pete gets the $2M is between him and his contractees....

Yeah, I'll donate one more time to Stadium Expansion....and will continue the BAA membership....

and I'm a Vandal, and I vote....

100% Agree with Razor

All I ever read from you is garbage about who is funding what, how, & why. Last month you were going to talk to a "judge" about accounting irregularities. The BSU blogs are constantly cluttered with accusations from you & I'm sick of it. Here's a thought... Pony up the $250/hr to have a lawyer/accountant explain the contract details to you or shut it! The Stateman & other bloggers aren't here to research every gripe you have.

As a former auditor & current Senior Financial Analyst for a Fortune 10, I can assure you that plenty of oversight & the correct amount of due dillegence goes into decisions of this nature. Sit down, have a Coke, & enjoy one of the elite football programs in the nation. More importantly, keep our blog clean. TY!

Amen

Thanks casual...

Perfectly stated.....

Thank you sir.

BSU4342....

No Problem....

Anytime....

mrcasual....

I never said anything about a judge....show that post....

I have never said anything negative about Boise State Football, nor Coach Pete....I admire the entire franchise....

Yes, I am abit critical of some Stadium Expansion; but so-what....

The audit stuff was public record, not mine....

and, I have not asked anyone to research a gripe; I just stated Pete had part salary from State and Cripe answered that....

and I am enjoying one of the elite cfb teams in the Nation....I have since 2006....

and I dont care about the details of Pete's contract....that is his business....

You obviously

don't read your own posts.........

BSU4342....

I do....

and I have never criticized Coach Pete or Boise State Football team....'

show them....

Ugly

If you did indeed read what you post, you would realize you never talk about football.......

As casual stated, all you do is post nonsense.

The sad part is, you just don't see it.......

BSU4342....

Not true....

I have talked alot on football....even Stadium Expansion and BAA membership is part of football....right?

mrcasual just picked my post on purpose....I doubt (my opinion) he worked for a Fortune 10....with all the extreme posts by other bloggers over time against Boise State, he chose mine for a reason....I have never posted against Boise State, unless you consider lack of funds a negative....

Oh well....Mr Cripe writes good articles and Boise State is top notched....that will always bring the postives and the negatives....

The World is how you view it....

Whatever,

you will never really understand much......

BSU4342....I Guess I should just

hang around with you for a few days so that I will fully understand Truth, Knowledge, and Football....

Go Broncos....

That or

"cash" in a bond.........

Ω What time ...

... does the bank open?

Ω Hypocrite

"I dont care about the details of Pete's contract....that is his business...."

Then why are you casting yet another aspersion with:

"Mr Cripe....I am curious as to how Coach Pete can be legally employed by Boise State University as their Head Football Coach, and have no state funds as part of his salary....

Are none of the football coaches paid by the State?

Is Coach Pete 100% employed by the BAA?

I'm just curious...."

and

"Creative Accounting?"
____________

You've just pegged the BS meter!!!

razor....

Asking about someones State salary is not a negative....

Otter makes a salary as governor....he also makes money on other stuff too....so what....would you consider it a negative if someone was curious what the Govt was paid by the State? Who cares about his other stuff....

I was just questioning that Coach Pete being a legal employee by Boise State University not receiving any funds by the State....You guys have answered that fully....

it is 100% of zero....ok

not a big deal....

PS....Calm down and watch reruns of Wash def.

Ω True, what tfunk just noted.

You never talk about football.

Why are you here? Agitator?

He dented your basket.

----------

Websites: Everytime you get it the way you're comfortable with somebody gives a monkey a rock, bottle and a dollar.

Ugly

Here's the deal... This is the Bronco Beat Blog. TRUE Bronco fans come here to post intelligent musings about Bronco sports or to glean factual information that you will not find anywhere else. 99.9% of your postings are accusatory or derogatory in nature & often fill the page with useless clutter. I'm 100% certain you really don't care about the financial structure of Pete's contract nor do you care about BSU in general. If you did you would obtain the docs yourself or pay someone to decipher them for you. At that point you would pose questions to the appropriate person(s). Why post here?

BTW, Brutus had a BAA membership too & he didn't mind sticking one in Mr. Ceasar. A spade is a spade is a troll....

mrsaasusual

How much have you contributed to the expansin of Bronco Stadium project?

How many shares of Bronco Stock do you own?

What are their stock certificate numbers?

Are you currently a BAA member?

What is your BAA Membership Number?

Have you contributed any money to the BSU Foundatin and Endowement Fund?

Did you attend any cla@ses at BSU as a full time student?

Did you graduate from BSU?

When was the last time you were in the BAA Offices at Bronco Stadium?

Do you know who Lyle Smith and Tony Knapp were?

Are you aware that BSU was started as BJC and was started by Vandal Episcopalians so the Methodists, Lutherans, Catholics, Mormons, and etc., could get some vocational-technical education to be able to learn and provide services and support for Vandals who predominantly populated Boise. Plumbers, electricians, and welders were in high demand and in short supply when BJC was started. It is amazing how these Vandal religious leaders created so many jobs and helped the young Boise economy grow.

Also, are you aware that where the current Bronco Stadium sits, it was once a grass pasture with a grass landing strip owned by the Idaho National Guard to park their planes when they had business to conduct at the State Headquarters 2 blocks from the current St. Lukes Hospital Building which still stands and is a National Registry Monument building.

This is not a demand for you to answer the questions, but a request. If you do not answer them that is cool. Not answering them will do nothing to ensure your veracity and credibility is maintained on these boards as a True Bronco, but its cool.

Go 2012 Broncos.

VNDL
BAA Member #63799

I knew mrcastrol wouldnt

answer....

Great facts again VNDL....

Patti and the other qbs may fill the possition quite well....cant wait until aug31 and msu...

AQ IQ? Post provides prime example of useless clutter...

Again, this post is useless to the sports blog. Informing people that BSU was a BJC is akin to letting us know that Michael Jordan was cut from his HS BBall team. Berate him/BSU all you want but hard to argue with success. Vandal Episcopalians?? Just another Vandal trying to take credit for BSU's rise. The stadium was on pasture? Here's a radical new concept... The whole country was pasture at one point in time.

I encourage the Vandal faithful to focus on the future & match what Boise State has done over the last 10 years. BSU is growing at a record pace in every category. I know that must hurt the older Vandals but it's time to embrace reality.

Also,I have no doubt you support BSU for selfish reasons. My guesses are outlined below.

1. Your spouse is BSU alum
2. Your kids are BSU alum
3. Your clients love BSU & you seek to impress them

Ω Here's that email address.

tempholding@q.com

Again, it's a temp and will allow me to hook you up with the crew.

razor

Again well said...

It seems like we have a gentleman who knows truth. Get ready for more useless clutter casual....

More 4th grade mafia action going down. Got no marbles?!

----------

Websites: Everytime you get it the way you're comfortable with somebody gives a monkey a rock, bottle and a dollar.

Ω mrcasual

Wouldn't you expect that the highest paid and most salient state employee would come under the greatest level of scrutiny when finances are concerned? Any reasonable person would, of course.

That's not the mission of the trolls. Theirs is about divisiveness. "They" pretend to be first-line BSU boosters holding BAA memberships and bang the gong all day long. It permeates every post. Many of us have placed these "offenders" on auto-ignore since the Statesman won't give them the boot.

They actually want BSU to fail and fall back into the bottom tier of FBS schools. It's somewhat akin to the playground mentality of trying to knock the big dog down in order to improve your (the loser) relative status.

Undermining tactics is all it is.

Agree & well stated.

Adding to that... As with any financial process, more scrutiny is applied as the value increases or the topic becomes public. Numerous consultants, both internal & extermal would complete reviews to test financial/legal controls prior to & throughout the life. If a mistake is found they correct it & we all move on. Ugly & other need to relax...

Also, from what I can tell Ugly is a witch hunter, plain & simple. In his world the Broncos MUST have risen to power unfairly. He's out to find the unfair competitive advantage that made it thus! Hubris won't let him believe otherwise you see. The hard reality for Vandal alum is they were trained to hate. They can't stand the thought of BSU becoming an elite program & are too ignorant to accept the change or change their ways. The reality is that BSU moved on without them...

BTW, couldn't care less what your BAA # is. A spade is a spade is a troll....

mrcasual....

Dream On....

Since you worked for a Fortune 10 company when you began, and they probably were a Fortune 32,000 when you left....

Are you a Bronco Booster?

Your little analysis is way off, but that is ok....

So you say Vandal alum is trained to hate?

and I have only given my BAA# a few times, the other times has been by a very proud donor to BSU as well....so you as well as the other goofballs are integrating two folks into one....

Sorry you dont care, Mr Fortune 10....

Ugly

We're still a Fortune 10 & should remain so for some time. Thanks for caring. :) On a serious note... I didn't insert the Fortune 10 comment to brag rather to let you know I live this every day. My world is financial controls, policy & procedure, budgets, forecasts, P&Ls, & Balance Sheets. I live & breathe GAAP. Last thing I want to do is come on the Bronco Beat & talk work. I would rather relax, grab a beer, & talk football. Ya know?

BTW, I'm surrounded by Vandals who hate. Some disguise it better than others but they still hate. Hate all you want just don't do it here please. Thank you!